Investment Banking

Junior bankers looking for new jobs want fewer hours — and more money

Pay remains the key motivation for junior bankers, but a pullback from brutal hours is a close second

Canary Wharf is changing as new recruits demand a different working style
Canary Wharf is changing as new recruits demand a different working style Photo: Mike Kemp/Getty Images

Junior dealmakers say they want more money and a better work-life balance when looking for a new job, as banks face a fresh exodus of analysts and associates after a renewed focus on brutal hours.

A Financial News survey of more than 100 junior bankers showed that working fewer hours, as well as the prospect of a bigger pay packet, were the two factors most likely to influence a job switch.

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